Bihar is located in the eastern part of India. It is one of the strongest agricultural states. The percentage of the population employed in agricultural production in Bihar is around 80%, which is much higher than the national average. It is the fourth-largest producer of vegetables & the eight largest producer of fruits in India. Food processing, dairy, sugar, manufacturing and healthcare are some of the fast-growing industries in the state. The state has planned strategic enterprises for the development of other sectors such as education and tourism and also provides incentives for information technology and renewable energy.
The state enjoys a unique location-specific advantage because of its proximity to the vast markets of eastern and northern India, access to ports such as Kolkata and Haldia and to raw material sources and mineral reserves from the neighbouring states. The state has a large base of cost-effective industrial labour, making it an ideal destination for a wide range of industries. Total FDI for Bihar & Jharkhand, between April 2000 and June 2019, stood at US$ 113 million.
Primarily an agrarian economy, the total vegetable production in the state was 14.3 mn tonnes in 2016-17, which was the third highest in the country.
Home to around 1,00,000 weavers, the state produced around 72.2 tonnes of raw silk during 2015-16. Bihar also produces more than 2.5 mn bovine hides and 5 mn skins annually. Tasar silk of Bhagalpur is an exclusive product of Bihar, which has the potential to fetch premium prices.
Bihar has renewable energy potential of more than 12.5 GW. Moreover, the state government has initiated steps to address the supply-demand gap in electricity by implementing large power projects
Home to ancient universities of Nalanda and Vikramshila, Bihar contains the remnants of these two ancient universities. The antiques and artefacts attract tourists in huge numbers. The place of origination for two of world’s great religions: Buddhism and Jainism.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
Budget 2020: Rs. 3,000 Cr kept aside for skill development and Rs. 99,300 Cr for education
Budget 2020: FDI In India Constantly Increasing, Says President Kovind
Will changes in FDI norms lead to more employment??
Policy Watch - Review of FDI Policy - FDI India
India Received Highest-Ever FDI Of Over $64 Billion In 2018-19